Stock Traders Purchase High Volume of priceline.com Call Options (PCLN)
Shares of priceline.com (NASDAQ:PCLN) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 30,749 call options on the stock, Stock Ratings Network reports. This represents an increase of approximately 122% compared to the average daily volume of 13,865 call options.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of priceline.com (NASDAQ:PCLN) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,062.06.
priceline.com (NASDAQ:PCLN) traded up 2.80% on Wednesday, hitting $1067.38. 1,154,789 shares of the company’s stock traded hands. priceline.com has a 1-year low of $553.97 and a 1-year high of $1039.3101. The stock has a 50-day moving average of $967.7 and a 200-day moving average of $840.5. The company has a market cap of $54.970 billion and a price-to-earnings ratio of 34.14.
priceline.com (NASDAQ:PCLN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $9.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $9.37 by $0.33. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $7.85 earnings per share. The company’s quarterly revenue was up 26.7% on a year-over-year basis. Analysts expect that priceline.com will post $40.09 EPS for the current fiscal year.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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